The indicator has numerous options to customize the layout, including the option to extend the openings range untill the price close outside it. The source code is commented to make clear what's happening where, in case you want to change it.
Note: for better MultiChars performance, you might want to uncheck the option "Update on every tick", since that isn't needed here.
This indicator creates a text box with upcoming economic events to alert the trader of possible market moving announcements.
In this screenshot, taken on 15:56 local time (Western-Europe), you can see that Geithner was about to speak in 4 minutes (a Medium impact event) and the American business inventories were also announced in four minutes.
Most of the settings are self-explanatory. The 'TicksOffSetBottom' is the number of ticks you want the text box be displayed above the lowest value on the price scale. The 'RecalcAfter' is the number of seconds the box is updated - this is included to prevent excessive updating from MultiCharts to keep everything running smoothing.
Important note: you'll need the Economic Events Collection for MultiCharts (found here and see this thread) to use this indicator.
Changelog v1.01 - February 15th, 2012
There was a logarithmic error in the original version published on February 14th, which would trigger a "Logarithmic error" pop-up message when the remaining minutes for an economic event was 0 minutes. This error is fixed now and the new version attached to this post.
February 14th, 2012
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This is the Economic Events Collection for MultiCharts.
The attached zip file contains the following:
The Economic Events PowerLanguage functions,
The Java program for downloading the Economic Events.
If you're worried about the safety of the Java executable, the zip file also contains to source code for this program, so you can check, verify and compile it yourself.
The PowerLanguage functions are all unprotected so you can open these in the PowerLanguage Editor to verify them yourself.
Important:go to this thread to get the pdf manual and get support or give feedback and suggestions.
Tip: the manual contains an clear overview of the steps needed for using the Economic Events Collection for MultiCharts. Please refer to that before using it.
February 14th, 2012
Size: 40.03 KB
Downloaded: 316 times
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Not earth-shattering, but handy nonetheless: Fibonacci Lines for different time periods.
The PowerLanguage file contains the following indicators:
Fibonacci Lines (Daily); this indicator plots the Fibonacci lines for the current day;
Fibonacci Lines (Yesterday); this indicator plots on the current day the Fibonacci lines for yesterday;
Fibonacci Lines (Weekly); as you guessed it, this indicator plots the weekly Fibonacci lines.
Each of these indicators have the following features:
Fibonacci lines 76.4%, 61.8%, 38.2%, 23.6% as well as the high, low, and 50% level;
Option to individually turn each of these lines off;
Fibonacci levels are rounded to the number of decimals of the instrument;
To keep MultiCharts as efficient as possible, the new Fibonacci levels are only calculated at the close at the bar instead of on every tick. You can change the code to calculate on every tick.
Option to only display the current Fibonacci levels and not those of the previous day(s). This prevents chart skewing at the beginning of the day, when the current price is some distance from the previous Fibonacci levels, which leads to ugly charts. (See the attached screenshot to see how not plotting the values for yesterday gives a much clearer chart).
This is an indicator I've developed myself to get a better view of the UpTicks (ticks with a price higher than the preceding tick) and DownTicks (ticks with a price lower than the preceding tick).
Some features from this indicator:
It plots the UpTicks minus DownTicks to get an idea of the buying pressure;
This is divided by the time it took to form a bar, so that on tick and point charts you'll get an truer picture of the volume;
This buying pressure per minute is divided by the standard deviation, which helps to identify little shifts in buying pressure that would normally get lost. (This also means that any buying pressure below or above a certain number of standard deviations can be seen as significant volume).
Especially these extreme values (which are signalled in yellow) are of importance to the trader. As an interpretation tip: also look at the price action of the bar after the extreme buying or selling pressure to get an idea of where the price might go to. So, combine it with regular price action and look at the trend in the histogram.
This is the CCT Keltner indicator for MultiCharts, converted from NinjaTrader.
Instead of just plotting the oscillating CCT Ketlner, the indicator also highlights divergences where red is a confirmed negative divergence, green a confirmed positive divergence, and orange a potential divergence.
Overextended CCT Keltner values often signal the end of a trend, but since the CCT Keltner isn't restricted to a range of 0 to 100 (like the RSI and Stochastics), you'll need to add other indicators or price action to determine how 'overextended' overextended is.
This indicator includes the CCTKeltner function for easy use in backtesting.
This is the conversion of the NinjaTrader 7 "Momentum BB Lines" indicator to MultiCharts.
According to FatTails, the developer of the NinjaTrader indicator:
Quoting
The Momentum BB Lines is an indicator, which is similar to the MACD BB Lines. However, it is not based on the MACD, but on a smoothed, balanced momentum.
The balanced momentum is obtained, when the input value one period ago is replaced with a triangular momentum. This avoids that wide ranging bars which drop out of the momentum calculation have an impact on the momentum line.
The balanced momentum is exponentially smoothed with a selectable smoothing period. The BB Lines are Bollinger Bands, which use the same period for the standard deviation as is used for the balanced momentum before smoothing. The Bollinger Bands are applied to the smoothed momentum.
Different colors can be selected for a rising and falling smoothed momentum and for dots outside and inside the Bollinger Bands.
Since the Momentum BB Lines indicator uses multiple colors, I've chosen to hard code these in the indicator to prevent cluttering of the MultiCharts status line. Changing the code to different colors is quite easy, and here you can find a list of RGB colors to use.
This indicator also includes the Momentum Modified indicator that was included in the original NinjaTrader indicator.
If you like this indicator, please go over to this page and give the original author of this indicator (FatTails) a thanks.
This is Constance Brown's Derivative Oscillator indicator for MultiCharts, and was presented in her book "Technical Analysis for the Trading Professional" (chapter 14, "The Derivative Oscillator").
This oscillator uses a 14-period RSI, which is then double smoothed with exponential moving averages.
In a second step, a signal line is generated from the smoothed RSI by calculating a simple moving average of it.
The Derivative Oscillator is then calculated as the difference between the smoothed RSI and it's signal line.
Based on the original "Derivative Oscillator" coded by FatTails for NinjaTrader found here.